Binance brings entrepreneurs and crypto fans together in Paris

From Wednesday to Friday, cryptocurrency giant Binance hosted an event to celebrate the web 3 ecosystem.

Entrepreneurs, speculators, video game fans, metaverse builders… “Geeks” from all walks of life gathered in Paris on Wednesday and Thursday for a “blockchain” convention (Binance Blockchain Week Paris) hosted by Binance, the world’s largest cryptocurrency exchange .

An increasingly widespread term, the “blockchain” is like a huge computer registry considered unfalsifiable that serves as support for multiple operations representing billions of dollars.

“I want to open a decentralized platform”

“I want to open a decentralized platform for cryptocurrency exchanges and I came to look for information,” Ray, a Chinese entrepreneur who attended this convention, told AFP.

“In China, the rules are very restrictive” regarding this virtual currency, “while in France they are strict but friendly,” adds this 34-year-old man, who already owns a service company in his country for influencers and other content producers. for social networks.

“I came looking for partnerships, investors, inspiration,” said Nils Gregersen, a 35-year-old German who co-founded Paycer, a start-up that offers investments to ether holders. , a cryptocurrency that competes with the famous bitcoin .

The sector has been hit by the depreciation of bitcoin and other crypto assets, but “there are always opportunities,” he assures, citing potential returns that are “from 4% to 6%,” higher than those of traditional savings products. .

Charles Hu and Fabien Hu, two Parisian economics students aged 18 and 19, are looking for good advice. “We bought ether, we think it will go up again”, Charles anticipates after Thursday’s success of the “Merge”.

Under this name hides a technical mutation of the Ethereum “blockchain”, which serves as the basis for this cryptocurrency and thus should become less energy consuming. Fabien also tries to “identify the good NFT projects”, these digital certificates linked to virtual or real objects whose value has sometimes increased dizzyingly. His goal: “to buy them as soon as they are issued, and I immediately resell them, as soon as they are listed on a market,” he explains.

Alexandre, a 35-year-old bearded man with a lip piercing, a railroad maintenance specialist, is also an NFT enthusiast. “I’m still winning with my investments, but I may have been lucky compared to the average,” he says, as the valuation of some of these certificates has fallen for a few months.

“I appreciate the community side, the fact that I interact with a lot of people on Twitter, Discord, Telegram,” he underlines to explain his enthusiasm.

A technology of the future

Alejandro Lillo Aranda, Alex Moneton and Yassine Mezroui, three in their thirties, want to develop NFT projects related to video games for the international incubator Seedify. They each work full-time, as car entrepreneurs, from their homes, in Madrid, Nice and on the outskirts of Paris. If video games distributed rewards in the form of NFTs on a large scale, players could build up some form of income and “somehow turn the time spent playing profitable,” Alejandro Lillo Aranda describes.

“If I could have gotten stuff like this when I was a teenager and I played ‘World of Warcraft’ I wouldn’t have stopped playing,” adds Alex Moneton.

“Among the people here, some have won, some have lost. But in any case, everyone is convinced that the blockchain is a technology of the future,” sums up David Prinçay, the president of Binance France, which today has nearly 150 employees. .

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